デュエルビッツ プロモーションコードel to sell small-diameter seamless steel pipes and tubes for bearings

January18,2019

デュエルビッツ プロモーションコードel, Ltd.

デュエルビッツ プロモーションコードel, Ltd. has been having discussions with Nippon Steel & Sumitomo Metal Corporation ("NSSMC") and Sanyo Special Steel Co., Ltd. ("Sanyo") for デュエルビッツ プロモーションコードel to receive a portion of NSSMC’s business and Sanyo’s business regarding small-diameter seamless steel pipes and tubes for bearings ("the products") manufactured and sold by NSSMC and Sanyo. In addition, with this transfer デュエルビッツ プロモーションコードel would receive a certain percentage of a stake in rolling mills owned by Sanyo. Within the scope of those rights, デュエルビッツ プロモーションコードel would commission the operation of the rolling mills and production of the products to NSSMC and Sanyo.

On the premise that デュエルビッツ プロモーションコードel would begin selling the products in April 2019, デュエルビッツ プロモーションコードel, NSSMC and Sanyo have already concluded a basic agreement for the above points. Under the basic agreement, the three companies plan to conclude a practical agreement to set the details for executing the plan.

To date, デュエルビッツ プロモーションコードel has been manufacturing and selling steel wire rod and bar products for bearings. By adding seamless steel pipes and tubes for bearings to its menu, デュエルビッツ プロモーションコードel will be able to meet the diverse needs of its customers for bearing applications.

Profile of デュエルビッツ プロモーションコードel, Ltd.

Company name:
デュエルビッツ プロモーションコードel, Ltd.
Head office:
Kobe, Hyogo Prefecture, Japan
Representative:
Mitsugu Yamaguchi, President, CEO and Representative Director
Founded:
1905
Employees:
37,436 (consolidated, as of the end of March 2018)
Main businesses:
Iron and steel, welding, aluminum and copper, machinery, engineering, electric power

Profile of Nippon Steel & Sumitomo Metal Corporation

Company name:
Nippon Steel & Sumitomo Metal Corporation
Head office:
Chiyoda-ku, Tokyo, Japan
Representative:
Kosei Shindo, Representative Director and President
Established:
1950
Employees:
93,557 (consolidated, as of the end of march 2018)
Main businesses:
Steelmaking and steel fabrication, engineering, chemicals, new materials, system solutions

Profile of Sanyo Special Steel Co., Ltd.

Company name:
Sanyo Special Steel Co., Ltd.
Head office:
Himeji, Hyogo Prefecture, Japan
Representative:
Shinya Higuchi, Representative Director and President
Established:
1935
Employees:
3,768 (consolidated, as of the end of March 2018)
Main businesses:
Steel, metal powder, formed and fabricated materials

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